Agenda - Council - 11/26/1996 - Laserfiche WebLink

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We have been studying the ordinance and analyzing the costs which would be involved to bring us into full compliance with your ordinance both as a property owner and as a business owner and have come to the following conclusions. As property owner, the rental income we receive covers the monthly mortgage payment, real estate taxes, insurance and general maintenance of the property leaving no additional income for these major improvements on a personal level. Therefore, these improvements would have to result in a dramatic rent increase to Instantop, Inc. As a business owner, a substantial rent increase would create a massive hardship and prevent us from being competitive. For us to make a leasehold improvement of this magnitude would create an unreasonable burden upon us as a business. We would receive no additional income to our business as a result of the investment. The competition in the trailer, topper, and cycle accessory business at this time is very stiff and there are no excess profits. We understand the need for rules, regulations and ordinances; but feel that businesses which are established should not have such restraints put on them that they would be forced to relocate, close or self out because the costs necessary to bring them to full compliance would be unrecoverable. At this time we are requesting an indefinite extension and/or waiver or exception to these ordinances with the understanding that we continue to keep our property in a neat and attractive condition. Having to conform at this time could effectively put us out of business or force us to sell. Please give us a call if you need further information. We would appreciate receiving a written response to this request. Thank you. Sincerely, Carroll Welte Frances Welte I I I I I I I I I I I i I I I I I I I